Trump Administration Halts Payments Under Obamacare Program

Trump Administration Halts Payments Under Obamacare Program

Trump Administration Halts Payments Under Obamacare Program

The Centers for Medicare and Medicaid Services, which administers programs under the Affordable Care Act, said the action affects $10.4 billion (7.8 billion pounds) in risk adjustment payments.

The risk adjustment program redistributes funds from plans with lower-risk enrollees to plans with higher-risk enrollees.

At stake are billions in payments to insurers with sicker customers. The permanent program was meant to reduce the incentive for health insurers to cherry-pick healthy members.

President TrumpDonald John TrumpMcConnell to meet with Trump's Supreme Court pick Tuesday Kavanaugh offers lengthy judicial record ahead of bitter confirmation fight Hundreds protest Kavanaugh's nomination outside Supreme Court MORE canceled key ObamaCare payments a year ago, and also slashed the budget for advertising ObamaCare insurance. "And costs for taxpayers will rise as the federal government spends more on premium subsidies", the group said. Small health plans also have far less capital than more established insurers to comfortably make large risk-adjustment payments.

Democrats say that the cuts are more evidence of Trump officials sabotaging the health law. Critics of the administration's position on the ACA, like Andy Slavitt, former CMS acting administrator under Barack Obama, said that this move will stir chaos in the insurance marketplace. "It's time for the navigator program to evolve, which is why we are announcing a new direction for the program today", said CMS administrator Seema Verma. It's a move that could shake up insurance markets. The Maryland Insurance Administration has a hearing scheduled for July 31.

However, the trade group America's Health Insurance Plans (AHIP) said in a statement that the recent move would lead to uncertainty and increase premiums, putting the burden on small businesses and consumers.

England V. Croatia, Winner Will Play France
They will now face Croatia or England in Sunday's showdown and are likely to be heavy favourites regardless going into that match. They beat Belgium on Tuesday night by a single Samuel Umtiti / Marouane Fellaini goal.

Serena Williams's next opponent: I don't like women's game
Jelena Ostapenko advanced to a second consecutive Wimbledon quarterfinal with a 7-6 (4), 6-0 victory over Aliaksandra Sasnovich . She was the aggressor throughout, hitting 33 winners to Cibulkova's six, but also doubling her opponent's unforced error count.

President Trump Pardons Cattle Ranchers Dwight and Steven Hammond
A representative of that office within the Justice Department said he's "expecting the Hammonds to get out today", Matasar said. Dwight Hammond has served about three years of his sentence and Steven Hammond has served about four of his.

In its announcement, CMS said the private sector is more cost-effective, so people looking for health coverage should be encouraged to go to insurance agents and brokers (who may receive a commission, unlike navigators).

"This decision comes at a critical time when insurance providers are developing premiums for 2019 and states are reviewing rates". "So it seems like an extreme step to halt this program nationally based on a decision by one district court judge".

"We have to be very cautious". Instead, the insurer referred to a statement from the Blue Cross Blue Shield Association. "It is important to keep in mind that the original risk adjustment payments are budget-neutral such that for some insurers to win, other insurers have to lose".

The payments can be controversial, Dai said.

New Mexico Health Connections and Minuteman Health of MA, two small nonprofit insurers, filed lawsuits in 2016, contending that the Obama administration created an inaccurate formula that unfairly rewarded large insurers.

Recommended News

  • Prince Harry, Meghan to reflect on Irish history on tour

    Prince Harry, Meghan to reflect on Irish history on tour

    She teamed it with a crisp white T-shirt which featured a casual crew-neckline and chic black high heel stiletto shoes . Tuesday was a busy day for the royal family as they honored the 100 anniversary of the Royal Air Force .
    India signals support for legalizing gay sex

    India signals support for legalizing gay sex

    He explained the impact of the supreme court overturning the 2009 ruling, saying: "We got calls from parents, concerned about what would happen to their children".
    Belgium star Hazard: I used to support France growing up

    Belgium star Hazard: I used to support France growing up

    They are trained by Didier Deschamps , who won the Cup in 1998 as a player and is now trying to do the same as a coach. The winners of each semifinal will meet in the World Cup 2018 championship game, set to kick off on Sunday, July 15.
  • Mahrez set for Manchester City medical

    Mahrez set for Manchester City medical

    However, they never gave up hope of signing the Algerian and now look set to snap him up for a much more reasonable price. The Algerian global returned to top form last season, scoring 13 goals and providing 13 assists in 41 appearances.
    Trump keeps promoting myth about North Atlantic Treaty Organisation  debt

    Trump keeps promoting myth about North Atlantic Treaty Organisation debt

    The prime minister said: "NATO is as vital today as it ever has been and our commitment to it remains steadfast". Will they reimburse the USA ?" he said in one tweet .
    Barcelona set their sights on Eden Hazard

    Barcelona set their sights on Eden Hazard

    On that note, here we take a look at 5 players who will benefit from the sensational transfer. He sent me a message after our match against Brazil. "I've also played in France".
  • Kim sets LPGA mark with 31-under total at Thornberry

    Kim sets LPGA mark with 31-under total at Thornberry

    The affable Kim is the 17th different player to win during the 2018 season and is the sixth player from Korea to win. The New Zealander took 33 putts for the round and hit only five of 14 fairways and 14 greens in regulation.
    United Kingdom  police warn World Cup revellers after disorder

    United Kingdom police warn World Cup revellers after disorder

    He could have gone with the safe option of Cahill's experience in that position but he chose Maguire and has been rewarded for it. Picture of the day Man of the moment Harry Maguire , who scored his first worldwide goal against Sweden, takes to the oche.
    Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut

    Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut

    Shares lost about 4 percent in early trading but rebounded to end the day 16.80 Hong Kong dollars ($1.98). This has resulted in the Hong Kong stock market, Hang Seng, falling to a nine-month low.
  • Iran's oil minister has hit back at Trump over production demands

    Iran's oil minister has hit back at Trump over production demands

    On Wednesday, Trump said in a tweet the "OPEC Monopoly must remember that gas prices are up and they are doing little to help". The U.S.is reimposing sanctions on Iran, after President Donald Trump withdrew the U.S. from the Iran nuclear agreement in May.
    Hurricane Chris forms in Atlantic Ocean

    Hurricane Chris forms in Atlantic Ocean

    The National Weather Service issued a flash-flood watch for Puerto Rico, warning of thunderstorms and wind gusts. A hurricane across the Atlantic may "influence" Britain's hot weather possibly bringing wind and rain next week.
    Russian Federation  vs Croatia - History on the line in Sochi

    Russian Federation vs Croatia - History on the line in Sochi

    After Fernandes' failure, Modric got lucky when his strike found the net following touches off Akinfeev's glove and the post. He blocked Russia's first penalty kick by putting up his left hand to get a piece of an attempt from Fyodor Smolov .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.